In this changing world, business acumen has taken on quite a twist with technology being fronted as the prime factor in the prosperity of any venture. Today we get an insight on how best one can integrate these two outstanding driving forces; technology and business, for a successful enterprise.
The word “leverage” is defined as the exertion of force by means of a lever. When we speak of “leveraging technology”, we are referring to the use of technology to make significant changes in a business. When an organization harnesses the power of technology, the investments pay off in an exponential return.
SharePoint – Microsoft SharePoint functions as an intranet to optimize communication, increase transparency between departments, highlight important business metrics, and centralize data. Now your company communications are accessible from anywhere, on any device.
Human Resource Information System (HRIS) – This is an online system for human resources to track employee progress, manage performance reviews, optimize communication, and streamline human capital development. Implement an HRIS to improve management systems and reduce overhead costs.
Document Management System (DMS) – A centralized repository used to manage the creation, storage, retrieval, and expiry of a large amount of document content. A well-designed DMS will increase efficiencies, decrease storage costs, offer transparency, and enable individuals to find and share information easily.
Custom applications – With a custom application, you can automate a manual process often done in Word or Excel, or you can develop software around a niche or function that highlights your unique value proposition. Custom applications often provide dramatic opportunities that save time and costs.
Customer Resource Management (CRM) – Companies like Microsoft (Dynamics CRM) design software programs to track leads, manage pipelines, get intelligence on sales cycles, manage quotas, and drive the sales process. This can help increase sales and improve customer acquisition efficiencies, while increasing customer management quality and effectiveness.
But what can you do to ensure your organization is leveraging technology well? Know your business goals for the year ahead , Seek strategic alignment with your IT partner, Dedicate the time to seek innovation, Encourage a culture of change and ideas, Track the progress and stay open.[related_posts]
Technology innovation is occurring at an exponential pace – faster and faster. Be intentional about leveraging technology, and your organization will not only enact change today, but also prepare for the years ahead!